Africa50 and India’s POWERGRID join hands for Kenya’s first independent power transmission project

Pan-African infrastructure investment platform Africa50 and the Power Grid Corporation of India (POWERGRID) have signed a Joint Development Agreement (JDA) for the continued development of the Kenya Transmission Project.

The 400 kV Lessos-Loosuk and 200 Kv Kisumu-Musaga transmissions lines are being developed in Western Kenya on a public-private partnership (PPP) basis. Africa50 and POWERGRID are developing, financing, constructing and operating both lines, which form Kenya’s first independent power transmission venture.

The project represents Africa’s first financing of transmission lines on a PPP basis and could pave the way for additional private sector involvement in the continent’s energy infrastructure.

“In this development partnership, POWERGRID, one of the world’s leading electric transmission utility companies will provide technical and operational know-how to the project, while Africa50 will bring its project development and finance expertise and will act as a bridge between the Kenyan government and private investors,” Africa50 said.

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